CODA Holdings Opens New HQ

Los Angeles-based CODA Holdings, the developer of electric vehicles and electric vehicle battery technology, formally opened up a new headquarters Thursday on Fairfax Avenue. CODA held a grand opening of its 100,000 square foot headquarters with California Governor Jerry BRown and Los Angeles Mayor Antonio Villaraigosa yesterday. CODA says it has 220 engineers, technicians, and corporate staff at the headquarters location, with plans to add another 100 empoloyees over the next year; the company claimed it will grow that to 650 employees over the next few years. CODA is in the midst of launching it first product, the 2012 CODA sedan.